TCS BaNCS Treasury is an integrated treasury management and accounting system that seamlessly incorporates web-based front, middle and back office functions. The solution supports straight through processing (STP) to ensure automatic deal capture, processing and messaging activities.
TCS Financial Solutions has also supported HDFC Bank’s transition from eight legacy systems to one standardized technology platform, which was implemented in an aggressive nine-month timeframe.
Mr Ram, head of information technology at HDFC Bank, said: HDFC Bank is experiencing outstanding growth in its treasury operations. TCS Financial Solutions is the ideal partner to help us accelerate this growth, better serve our customers and strengthen our position in the Indian banking industry.
We selected TCS Financial Solutions because of the company’s excellent understanding of our business goals and technical requirements, as well as its superior customer service and seamless implementation process.